24 Feb 2023

The Mortgage Works Cuts Switcher Rates

The Mortgage Works (TMW) will be reducing rates on selected five-year rate switcher mortgage products by up to 0.10 percentage points from Saturday, 25 February 2023.

Limited Company: reductions across selected five-year fixed rate products of up to 0.10%, including:

  • Five-year fixed rate at 5.09% with a 3% fee, available up to 75% LTV (reduced by 0.10%)

HMO: reductions across selected five-year fixed rate products of up to 0.10%, including:

  • Five-year fixed rate at 5.09% with a 3% fee, available up to 75% LTV (reduced by 0.10%)

Large Portfolio HMO: five-year fixed rate reduced by 0.10% to 5.09% with a 3% fee, available up to 75% LTV.

Other rate/fee combinations also available on TMW’s switcher products.

Full details on all switcher rate reductions can be found here.

Dan Clinton, Head of Specialist Lending at The Mortgage Works, said: “We are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind and a competitive option for landlords coming to the end of their existing deal.”